The GBPUSD price managed to breach 1.2300$ level and close the daily candlestick above it, to support the expectations of continuing the bullish trend in the upcoming sessions, opening the way to visit the main bearish channel’s resistance line around 1.2460$ as a next main target.
Moving above the EMA50 supports the continuation of the expected rise, noting that breaking 1.2300$ will stop the bullish wave and put the price under the negative pressure again.
The expected trading range for today is between 1.2270$ support and 1.2415$ resistance
Trend forecast: Bullish
